facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

2925 West Normandale Street...

Lument Provides $13.9M Bridge Loan For 192-Unit Multifamily Property In Fort Worth
FINANCEDMultiFamily

Lument Provides $13.9M Bridge Loan For 192-Unit Multifamily Property In Fort Worth

2925 West Normandale Street, Fort Worth, TX 76116

$13,900,000

$88/SF

Building Size

156,405 SF

Asset Type

MultiFamily

Closing

Aug 9, 2020

AI

The multifamily property located at 2925 W Normandale St in Fort Worth has recently undergone a closed transaction. The property consists of 192 units and is situated in the Fort Worth market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,900,000
  • Address: 2925 W Normandale St
  • Market: Fort Worth
  • Units: 192

The loan for this transaction was provided by lument''>Lument, with John Sloot and Colin Cross representing the lender. The loan type is a bridge loan. John Brickson from Old Capital served as the broker in the deal.

Players

John Brickson

Broker

$310M

vol

21 deals

Broker
Colin Cross

Colin Cross

Lument

Lender

$71M

vol

6 deals

Lender
Lument
LumentLender

Fort Worth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93